Rice Hall James & Associates LLC Invests $43.02 Million in Ziff Davis, Inc. $ZD

Rice Hall James & Associates LLC bought a new position in Ziff Davis, Inc. (NASDAQ:ZD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 821,496 shares of the technology company’s stock, valued at approximately $43,022,000. Ziff Davis comprises approximately 2.1% of Rice Hall James & Associates LLC’s portfolio, making the stock its 7th largest position.

A number of other institutional investors have also recently bought and sold shares of ZD. Federated Hermes Inc. acquired a new position in Ziff Davis during the fourth quarter worth approximately $25,000. NBC Securities Inc. boosted its holdings in shares of Ziff Davis by 121.2% in the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after purchasing an additional 485 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Ziff Davis by 212.2% in the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after purchasing an additional 590 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Ziff Davis by 226.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock valued at $35,000 after buying an additional 687 shares during the period. Finally, TD Private Client Wealth LLC acquired a new stake in shares of Ziff Davis during the 4th quarter worth $52,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ZD shares. Zacks Research lowered Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. UBS Group boosted their price target on Ziff Davis from $30.00 to $59.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Piper Sandler set a $48.00 price target on Ziff Davis in a research note on Monday, May 11th. Barclays raised their price objective on Ziff Davis from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Finally, Susquehanna lifted their price objective on Ziff Davis from $60.00 to $75.00 and gave the company a “positive” rating in a research note on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $56.62.

Insider Buying and Selling

In other Ziff Davis news, CAO Lori A. Tansley sold 1,400 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $54.76, for a total transaction of $76,664.00. Following the transaction, the chief accounting officer owned 767 shares in the company, valued at $42,000.92. The trade was a 64.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Bret Richter sold 18,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $46.88, for a total value of $843,840.00. Following the completion of the sale, the chief financial officer directly owned 29,244 shares of the company’s stock, valued at $1,370,958.72. The trade was a 38.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 36,641 shares of company stock worth $1,755,306. Company insiders own 3.40% of the company’s stock.

Ziff Davis Price Performance

Ziff Davis stock opened at $54.31 on Tuesday. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $1.86 billion, a P/E ratio of 3.07 and a beta of 1.08. The firm has a fifty day moving average of $51.26 and a 200-day moving average of $44.37. Ziff Davis, Inc. has a 52-week low of $22.45 and a 52-week high of $58.06.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.22. Ziff Davis had a net margin of 48.57% and a return on equity of 10.73%. The firm had revenue of $286.74 million during the quarter, compared to analysts’ expectations of $286.10 million. During the same period in the prior year, the company earned $1.24 EPS. The firm’s revenue was down 18.7% on a year-over-year basis.

About Ziff Davis

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.